This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jim Cramer's Mad Dash: Wait for a Bigger Pullback in Visa


NEW YORK (TheStreet) -- Shares of Visa (V - Get Report) are lower by roughly 4% early in Friday's trading session, despite a top- and bottom-line earnings beat. 

"The CEO is a brilliant man," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Cramer's Mad Dash" segment. 

Despite topping analysts' expectations, the company did not live up to its own guidance. Visa is having some currency issues, he said. 

Read More: Shares Plunge On Weak Earnings

"Every time the stock has really gotten hammered, you should buy it," Cramer reasoned. 

However, with the stock in "no-man's land," and with the company having some "unusual headwinds" going forward, he concluded that investors are better off waiting for the stock to decline further before buying. 

-- Written by Bret Kenwell in Petoskey, Mich.

Read More: Starbucks Store Makeovers Are Boosting Profit Margins

At the time of publication, Cramer's Action Alerts PLUS held no positions in any of the stocks mentioned, although positions may change at any time.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
V $69.50 -0.40%
AAPL $131.97 1.50%
FB $80.71 0.20%
GOOG $542.05 0.52%
TSLA $246.67 0.95%


DOW 18,282.20 -3.54 -0.02%
S&P 500 2,130.82 +4.97 0.23%
NASDAQ 5,090.7940 +19.0510 0.38%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs